Question # 1

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

The change in demand and supply of foreign currency effects

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Exchange rate

Traveller's L.C

Letter of credit

None of these

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Long term is advanced against the following security:

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Non-material

Material

Personal

All of the above

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

The supply of foreign exchange arises when.

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Goods are exported

Students comes of country

Sale of Foreign securities

All of these

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

^{The charger of commercial Bank is.}

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Momorandum

Articles

Prospectus

None of these

The facilities provide d by ATM machine includes

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Mini Statement

Transfer funds

Balace inquiry

All of these

Most of the experts agreed that the word "Bank" has been derived from the word.

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Banque

Banco

Bancus

Back

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

The head office of IDB is in

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Jeddah

Islamabad

Tehran

Dubai

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Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers

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